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Real Estate Tips
Real Estate Contracts >Selling Before Buying

Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

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Real Estate Trivia
Q 
What characteristics must a home have to be considered a prestigious property?

A 
Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person.
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Craig Scott, REALTOR®, real estate agent and broker for Aspen, Basalt, Carbondale and Snowmass Village Colorado home listings, property and land for sale - NUMBER1EXPERT™

Craig Scott
Mason Morse Real Estate

514 East Hyman Avenue
Aspen, CO 81611
Cell: 970-309-1140
Fax: 970-925-7027
Direct: 970-920-7368
craigscott@NUMBER1EXPERT.com

I hope I can help you find that special place! "Being a Realtor in Aspen with a reputation for working hard and having business insight and market knowledge has always been my goal. I offer my clients honest advice based on thorough research and present the facts."

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